- Baltimore trades Mike Boddicker to the Red Sox for Brady Anderson and Curt Schilling
- FDIC bails out 1st Republic Bank, Dallas, with $4 billion
- Gorbachev pushes plan electing president and parliament in March, 1989
- Judge orders NASA to release unedited tape from Challenger cockpit
- Rick Sutcliffe swipes home, 1st pitcher since Pascual Perez in 1984 to steal home
- South African government bans anti-apartheid film "Cry Freedom"
- Ellin Berlin, [MacKay], Mrs Irving Berlin, dies at 86
- Pete Drake, American pedal steel guitarist and producer, dies at 55